Minimum Guaranteed Rate definition

Minimum Guaranteed Rate means, with respect to the Guaranteed Interest Option, an effective minimum rate of interest as described in the Section “Guaranteed Interest Option-Conditions”.
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Minimum Guaranteed Rate means the effective minimum rate of interest on amounts held under this Contract.
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Minimum Guaranteed Rate means, with respect to the Guaranteed Interest Division, an effective annual minimum rate of interest equal to (a) 4% for an Employer Plan covered under the Predecessor Contract, and (b) 3% for any other Employer Plan.
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Examples of Minimum Guaranteed Rate in a sentence

  • The Initial Interest Rate may not be less than the Minimum Guaranteed Rate as shown on the Contract Data Page.

  • The Current Interest Rate will not be less than the Minimum Guaranteed Rate as shown on the Contract Data Page.

  • No Guaranteed Rate will ever be less than the Minimum Guaranteed Rate shown on Contract Schedule I.

  • Also, the Company may in its sole judgment credit Current Interest at a rate in excess of the Minimum Guaranteed Rate.

  • The Company may in its discretion pay Current Interest on the General Account at a rate that exceeds the Minimum Guaranteed Rate shown on page 3.

  • GV6023E (1-98) -10- BP 6023F1 -------------------------------------------------------------------------------- CONTRACT VALUE AND EXPENSE PROVISIONS (Continued) -------------------------------------------------------------------------------- GENERAL ACCOUNT INTEREST CREDITING The Company shall credit interest on General Account Contract Value at an annual rate at least equal to the Minimum Guaranteed Rate shown on page 3.

  • However, the changed Minimum Guaranteed Rate will only apply to Contributions and allocations to and transfers to the Guaranteed Interest Option, as described in the Sections “Contributions, Allocations” and “Transfer Requests” respectively, made on or after the date such change is effective.

  • The Company manages the general account and guarantees that it will credit interest on General Account Contract Value at an annual rate at least equal to the Minimum Guaranteed Rate.

  • The term "Guaranteed Interest Rate" means, with respect to the Guaranteed Interest Division, the effective annual rate of interest determined by Equitable for a Class of Employers for a calendar year, provided such rate is not less than the Minimum Guaranteed Rate.

  • The Renewal Interest Rate may not be less than the Minimum Guaranteed Rate as shown on the Certificate Data Page.


More Definitions of Minimum Guaranteed Rate

Minimum Guaranteed Rate means, with respect to the Guaranteed Interest Option, an effective minimum rate of interest as described in the Section “Guaranteed Interest Option.”
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Minimum Guaranteed Rate means, with respect to the Guaranteed Interest Division, an effective annual minimum rate of interest equal to 3%.
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Related to Minimum Guaranteed Rate

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Guaranteed loan means a Student Loan which is Guaranteed.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................